AVAX/USDT – 30M – SELL

The currency pair Avalanche/Tether (AVAX/USDT) moves from the bearish trendline down.

A continuation of the downtrend down to the next support at 6.204 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 6.372 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

6.372 – 6.345 – 6.292 – 6.204 – 6.027 – 5.819 —
6.144000000 – 6.269000000 —
29.991851705852 – 50.630881095361 —
– —
6.372 – 1782050400

Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Bearish Engulfing – – –